Sunday, April 24, 2011

Valued by money

Perhaps the commercialised world in which we live demands that we use pecuniary means to measure our values. Or perhaps it is out of convenience - after all it is a comprehensible and common unit for measurement.

But can the amount of money that different people are willing to fork out truly reflect their relative concern for the issue at hand? I think not.

Let us take away the background differences - let's say we have two people in a similar financial position, from the same cultural upbringing, etc, but A is a lot more willing than B to put in the dollars for a certain cause.

This might suggest that A cares more about the cause, but surely this is non-conclusive. A might be a more generous person to begin with, or simply hold a lower value for money. B might being extremely concerned about the cause at hand, but hold money at an evern higher regard.

All this proves is that A values money less, and B more, than the cause. Willingness to pay doesn't reflect absolute level of concern

So basically, we gotta be careful before we box people as caring and not caring enough.